#jobless claims

The post US Initial Jobless Claims dropped to 215K last week appeared on BitcoinEthereumNews.com. According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 215K for the week ending July 4. The latest print came in below initial estimates (218K) and was slightly lower than the previous week’s 217K (revised from 215K). Additionally, the 4-week moving average went down by 3.75K, bringing it to 218.75K from the revised average of the previous week (222.25K). The report also indicated that Continuing Jobless Claims increased by 8K to 1.814M for the week ending June 27. Market reaction The Greenback builds on Wednesday’s pullback, briefly dropping to new weekly lows near 100.80, as gauged by the US Dollar Index (DXY). The move lower in the US Dollar (USD) comes in tandem with the retracement in crude oil prices, while investors remain focused on developments from the Middle East

A healthier labor market eases rate hike fears, boosting equities and maintaining favorable conditions for risk assets like crypto. The post Nasdaq, Dow and S&P open higher as jobless claims fall to 215,000 appeared first on Crypto Briefing.

Stable jobless claims and modest job growth bolster expectations for Fed rate cuts, potentially boosting risk assets like Bitcoin and Ethereum. The post US jobless claims hold steady at 215,000 as labor market signals ‘goldilocks’ zone for risk assets appeared first on Crypto Briefing.